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BPI books highest quarterly income since start of pandemic

ABS-CBN News
Posted at Jul 22 04:54 PM

Bank of the Philippine Islands on Thursday said it posted a net income of P6.8 billion in the second quarter, which was the bank’s highest quarterly income since the start of the pandemic. Read more »

Kolektor ng lending company sa CamSur patay sa pamamaril

ABS-CBN News
Posted at Jul 20 12:06 PM

Patay sa pamamaril ang isang 26-anyos na kolektor ng isang lending corporation sa Camarines Sur, Lunes ng umaga. Read more »

IMF chief cheers lending expansion ahead of G20 meeting

Agence France-Presse
Posted at Jul 09 12:36 PM

 IMF Managing Director Kristalina Georgieva said Friday the Fund's executive board has backed increasing its special drawing rights (SDR) by $650 billion as it looks to support countries recover from the Covid-19 crisis. Read more »

Bank lending declines by 4 percent in May due to 'muted' credit activity: BSP

ABS-CBN News
Posted at Jun 30 05:24 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase, declined by 4 percent in May following a 5 percent drop in April, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

Better data analysis seen as key to boosting bank lenk lending

ABS-CBN News
Posted at Jun 28 03:11 PM

Arellano noted that even with record-low interest rates, bank lending which is supposed to stimulate the economy, has barely grown as banks remained reluctant to lend due to worries over clients’ ability to pay. Read more »

Creditors can't sue AirAsia X for another 9 months, says Malaysia court

Reuters
Posted at Jun 18 03:03 PM

The Malaysian high court has granted AirAsia X Bhd a nine-month extension on a restraining order which prevents creditors from filing any legal proceedings against it, the airline said in a stock exchange filing.   Read more »

BSP says small enterprises benefitted from cheap loans but lending still weak

ABS-CBN News
Posted at Jun 17 05:06 PM

Micro, small and medium enterprises have benefitted from low interest rates as the Bangko Sentral ng Pilipinas ensured that there is ample liquidity in the market, a central bank official said Thursday.  Read more »

What you do online can help you get the loan you need

Aneth Ng-Lim
Posted at Jun 07 01:21 PM

By giving its financial partners an added layer of behavioral insights, CredoLab is helping open more lines of credit to the unbanked and the underbanked.  Read more »

Bank lending contracts by 5 percent in April: BSP

ABS-CBN News
Posted at May 31 06:05 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas, declined by 5 percent year-on-year in April following a 4.5 percent contraction in March, it said Monday. Read more »

BPI says to boost support for small, medium agri-related businesses

ABS-CBN News
Posted at May 25 03:11 PM

BPI on Tuesday said it would increase support for agriculture-related small and medium enterprises, through its Business Banking unit. Read more »

When ‘strangers’ come borrowing money

Aneth Ng-Lim
Posted at May 24 12:35 PM

It’s been years since I last spoke with a former work colleague, so getting a message from him saying hello was unexpected. Being polite, I had to reply and was surprised that his next message was requesting to borrow money. Read more »

Security Bank, Krungsi joint venture to receive P3 billion capital infusion

Bruce Rodriguez, ABS-CBN News
Posted at May 11 03:41 PM

Security Bank said the joint venture SB Finance, with Thailand's Bank of Ayudhya Public Co Ltd (Krungsi), would receive at least P3 billion in capital infusion in the coming months. Read more »

Bank lending falls 4.5 percent in March

ABS-CBN News
Posted at May 10 06:29 PM

Bank lending fell in March as a surge in COVID-19 cases dampened economic outlook, the Bangko Sentral ng Pilipinas said on Monday. Read more »

ALAMIN: Saan irereklamo ang loan sharks na nangha-harass para maningil?

ABS-CBN News
Posted at May 03 10:19 PM

Dumarami ang kumakapit sa online lending app na nangha-harass sa may utang kapag singilan na.   Read more »

DOJ: Online lending companies that shame, curse borrowers may face charges

Mike Navallo, ABS-CBN News
Updated as of Apr 26 09:05 PM

The Department of Justice warned online lending companies who use unlawful and unfair methods to collect debts that they may face criminal charges. Read more »

Bangko Sentral keeps cap on credit card interest rate, monthly add-ons

ABS-CBN News
Posted at Apr 08 05:27 PM

The maximum credit card interest rate or finance charges on unpaid outstanding balance were kept at 2 percent per month or 24 percent per year. Read more »

IMF chief worried about middle-income countries, urges expanded definition of 'vulnerable'

Andrea Shalal, Reuters
Posted at Apr 08 09:09 AM

The head of the International Monetary Fund on Wednesday said she would discuss with IMF members whether they back offering low- and no-interest financing to middle-income countries hit hard by the pandemic, not just the poorest countries. Read more »

Bank lending declines 2.7 percent in February: BSP

ABS-CBN News
Posted at Mar 31 02:01 PM

Bank lending declined by 2.7 percent in February partly due slower activities brought by the pandemic, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

Bank lending declines by 2.4 percent in January: Bangko Sentral

ABS-CBN News
Posted at Mar 02 06:25 PM

Bank lending dropped by 2.4 percent year-on-year in January reflecting a decreased demand from weaker consumer and business activities, the Bangko Central ng Pilipinas said Tuesday. Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Feb 11 04:33 PM

The Bangko Sentral ng Pilipinas kept interest rates steady on Thursday in line with analysts' expectations.  Read more »